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Investor Presentation Q2 & H1 FY27
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Commentary ©Zen Technologies Limited – All Rights Reserved. 2 Order inflow during the quarter was ₹ 481 . 81 crore, taking the consolidated order book to ₹ 1 , 375 . 70 crore as at 30 September 2026 . The order book continued to grow as execution accelerated during the quarter, reflecting sustained demand across Zen’s product categories . This demand is underpinned by a supportive policy environment . The Defence Acquisition Council recently accorded Acceptance of Necessity to capital acquisition proposals, of which around 82 % is earmarked for sourcing from the domestic defence industry, including categories in which Zen has fielded products . As indigenisation becomes central to defence procurement in India, Zen’s ownership of its core technology positions it as a natural beneficiary of this shift . Commenting on the results , Mr . Ashok Atluri, Chairman and Managing Director, said : “This quarter marks a defining milestone in Zen’s growth trajectory . Zen reported its highest - ever consolidated quarterly revenue of ₹ 345 . 13 crore, a growth of 98 . 8 % year - on - year, at a healthy Operational EBITDA margin of 38 . 2 % . These results reflect the scale of the execution capability we have built over the years . Zen has begun delivering the Fast Track Procurement orders received last year, ahead of the contractual timelines . That is possible because the technology is ours - there is no foreign licensor to go back to when the Army changes a requirement, so the product changes in weeks, not procurement cycles . This translates directly into a significantly faster turnaround, enabling us to respond to evolving operational needs at the speed the Armed Forces require . With the sector moving decisively towards indigenisation , this ownership of our core technology places Zen in a strong position to capitalise on the opportunities ahead . ” ZEN TECHNOLOGIES LIMITED | Q2 & H1FY27 2
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Q2FY27 Consolidated Highlights Revenue from Operations (All Values ₹ in Crore) Operational EBITDA (All Values ₹ in Crore) Profit After Tax (Adj for NCI) (All Values ₹ in Crore) 173.5 7 345.13 Q2FY26 Q2FY27 64.7 4 131.99 Q2FY26 Q2FY27 59.4 0 89.54 Q2FY26 Q2FY27 98.8% YoY 103.9% YoY 50.7% YoY ZEN TECHNOLOGIES LIMITED | Q2 & H1FY27 3
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H1FY27 Consolidated Highlights Revenue from Operations (All Values ₹ in Crore) Operational EBITDA (All Values ₹ in Crore) Profit After Tax (Adj for NCI) (All Values ₹ in Crore) 331.7 9 486.77 H1FY26 H1FY27 129.4 5 170.71 H1FY26 H1FY27 107.1 5 124.00 H1FY26 H1FY27 46.71% YoY 31.09% 15.73% YoY ZEN TECHNOLOGIES LIMITED | Q2 & H1FY27 4 YoY
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Financial Statement Summary Summary of Consolidated Profit & Loss Statement Particulars (₹ in Crore) Q2FY27 Q1FY27 Q2FY26 H1FY27 H1FY26 (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) Key Performance Indicators Sales 345.13 141.64 173.57 486.77 331.79 Other Operating Revenue 16.71 19.16 25.31 35.87 47.10 Total Revenue 361.84 160.79 198.88 522.64 378.89 Total Operating Expenses 213.14 102.91 108.83 316.05 202.34 EBITDA 148.70 57.88 90.05 206.59 176.55 EBITDA Margins 41.1% 36.0% 45.2% 39.5% 46.6% Operational EBITDA 131.99 38.72 64.74 170.71 129.45 Operational EBITDA Margins 38.2% 27.3% 37.3% 35.1% 39.0% Interest Cost 1.13 1.09 2.04 2.22 5.50 Depreciation 8.73 7.86 5.71 16.58 12.05 Profit before exceptional items and tax 137.69 48.62 82.19 186.32 158.40 Profit After Tax (Adjusted for Non-Controlling Interest) 89.54 34.46 59.40 124.00 107.15 ZEN TECHNOLOGIES LIMITED | Q2 & H1FY27 5
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Consolidated Order Book Status as of 30th September 2026 Order Book New Orders Orders Executed Order Book as at 30th June 2026 1,239.02 Cr New Orders bagged in Q2FY27 481.81 Cr Orders executed in Q2FY27 345.13 Cr Total Order Book TOTAL 1,375.70 Cr Order Book as at 30th September 2026 Equipment995.00 Cr AMC380.70 Cr + = ZEN TECHNOLOGIES LIMITED | Q2 & H1FY27 6 (₹ in Crore)
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Consolidated Order Book ZEN TECHNOLOGIES LIMITED | Q2 & H1FY27 7 1,375.70 Total 1,283.84 Domestic 91.86 Export + = (₹ in Crore)
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ZEN TECHNOLOGIES LIMITED | Q2 & H1FY27 8 Electronic Warfare Drones Propulsion T echnology Naval Sim Automated Weapons & Surveillance Systems (AWSS) Robotics & Automated Weapons Station (AWS) Naval Sim 51% SHARE 100% SHARE 76% SHARE 76% SHARE 51% SHARE 49% SHARE 45.33% SHARE
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©Zen Technologies Limited – All Rights Reserved. 9 ZEN TECHNOLOGIES LIMITED | Q2 & H1FY27 9 Advanced Product Suite Counter-Drone Solutions Force Multipliers & Surveillance SystemsTraining Solutions Naval & Air Simulation Anti Drone System Loitering Munition Live Ranges Live Simulation Virtual Simulation Combat T raining Centre Marine Solutions Naval Solutions Force Multipliers ISR systems Hyper-Strike Interceptor Autonomous Vehicles Robotics Air Simulators
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Our Products ZEN TECHNOLOGIES LIMITED | Q2 & H1FY27 10 Combat Training Centre Simulators for Virtual Training Integrated Air Defence Combat Simulator ACTS: Armour Combat Training System Air Simulators Containerised Small Arms Firing Range Multi Functional Target System Naval Simulation: DSRV
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Our Products ZEN TECHNOLOGIES LIMITED | Q2 & H1FY27 11 Anti-Drone System (Containerised) Hyper-Strike Anti-Drone System (Man Portable) RF Based Drone Detector (RFDD) Drone RF Jammer (DRFJ)
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Our Products ZEN TECHNOLOGIES LIMITED | Q2 & H1FY27 12 Vrishabh: Unmanned Ground Vehicle (UGV) Vector Technics: Drone Propulsion Motors ADS Hawkeye: Multi-Sensor Camera Naval RCWS: Sharur (7.62 to 12.7 mm) ShootEdge: Corner-Shot Adapter
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Thank You Disclaimer Certain Statements in this presentation concerning our future growth prospects are forward-looking statements, which involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in earnings, intense competition, political instability and general economic conditions affecting our industry. The company does not undertake to update any forward-looking statement that may be made from time to time by or on behalf of the Company. Hari Haran Chalat Chief Financial Officer Zen Technologies Limited investors@zentechnologies.com Let’s connect ©2026 ZEN TECHNOLOGIES LIMITED., ALL RIGHTS RESERVED. ZEN TECHNOLOGIES LOGO IS A TRADEMARK OF ZEN TECHNOLOGIES LIMITED. IN ADDITION TO COMPANY DATA, DATA FROM MARKET RESEARCH AGENCIES, STOCK EXCHANGES AND INDUSTRY PUBLICATIONS HAS BEEN USED FOR THIS PRESENTATION. THIS MATERIAL WAS USED DURING AN ORAL PRESENTATION; IT IS NOT A COMPLETE RECORD OF THE DISCUSSION. THIS WORK MAY NOT BE USED, SOLD, TRANSFERRED, ADAPTED, ABRIDGED, COPIED OR REPRODUCED IN WHOLE ON OR IN PART IN ANY MANNER OR FORM OR IN ANY MEDIA WITHOUT THE PRIOR WRITTEN CONSENT. ALL PRODUCT NAMES AND COMPANY NAMES AND LOGOS MENTIONED HEREIN ARE THE TRADEMARKS OR REGISTERED TRADEMARKS OF THEIR RESPECTIVE OWNERS.